High Hylton Ref 913

913

Property ID

41 Sqm

Size

1

Bedroom

1

Bathroom

Description

High Hylton is a well-known building located in Joubert Park. This area is a favourite amongst investors and tenants.

The block is insured and has audited financial statement for 2018.

The building management is taking care of the building very well and ensuring that all owners and tenants are as happy as possible.

A sound investment indeed!

Number of flats in building: 189.

Size: 41 sqm.

Levy: R 859.04 pm. Whitfields Property Solutions (011) 867 0543.

Original bachelor unit. The apartment has a separate bathroom consisting of a bath, basin and toilet. The kitchen is also separate with built-in cupboards. There is no geyser but pre-paid electricity meter in the unit. The additional living area is utilized as a lounge/room.

The current owner is receiving R2 000.00 p/m. According to rental managers in the area a rental income of between R3 000.00 pm and R3 300.00 p/m can be achieved, if the property is upgraded to their specifications.

The unit is in an okay condition but definitely requires maintenance such as a toilet seat, a full coat of paint for the whole unit and general touch-ups. A detailed maintenance quote will be supplied to the successful buyer.

No. According to the Body Corporate, 4 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance      
SPAR Shops Hillbrow 0.17 km.
Netcare Rand Hospital Emergency Berea 0.37 km.
Engen Services Hillbrow 0.11 km.

Calculation:

 

Purchase with Bond (90%):

 

R130 000.00 Bond at 7% =R 907.00 p.m.
Monthly Levy =R 859.04 p.m.
Rental Management fee (if applicable) =R 379.50 p.m.
Total R 2 145.54 p.m.


R 3 300.00 rental income – R 2 145.54 expenses = R 1 154.46 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 859.04 p.m.
Rental Management fee (if applicable) =R 379.50 p.m.
Total R 1 238.54 p.m.                      


R 3 300.00 rental income – R 1 238.54 expenses = R 2 061.46 Cashflow positive.

 

Gross Yield: 30% at R 3 300.00 rental income and R 130 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 15 Goldreich Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 913
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 41 Sqm
  • Number of flats in building: 189

Contact

Ian

Property Agent
reception@mamela.co.za
Other Properties